Community Health Systems Announces Offering of $1.580 Billion of Senior Secured Notes Due 2026

Community Health Systems, Inc. (the Company) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the Issuer), intends to offer $1.580 billion aggregate principal amount of Senior Secured Notes due 2026 (the New Notes), subject to market and other conditions.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, February 27, 2019
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Health, Hospitals, Other Health, General Health, Managed care, Finance, Financial markets, Economy, Security, Stock market, Issuer, Securities Act, Community Health Systems
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United States, Tennessee
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Summary
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  • Community Health Systems, Inc. (the Company) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the Issuer), intends to offer $1.580 billion aggregate principal amount of Senior Secured Notes due 2026 (the New Notes), subject to market and other conditions.
  • The Issuer intends to use the net proceeds of the offering to repay $1.557 billion aggregate principal amount of term loans outstanding under its Term H Facility and to pay related fees and expenses.
  • Any offers of the New Notes will be made only by means of a private offering memorandum.
  • This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act.


Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today
announced that its wholly owned subsidiary, CHS/Community Health
Systems, Inc. (the “Issuer”), intends to offer $1.580 billion aggregate
principal amount of Senior Secured Notes due 2026 (the “New Notes”),
subject to market and other conditions.

The Issuer intends to use the net proceeds of the offering to repay
$1.557 billion aggregate principal amount of term loans outstanding
under its Term H Facility and to pay related fees and expenses.

The New Notes will be offered in the United States to qualified
institutional buyers pursuant to Rule 144A under the Securities Act of
1933, as amended (the “Securities Act”), and outside the United States
pursuant to Regulation S under the Securities Act. The New Notes have
not been registered under the Securities Act and may not be offered or
sold in the United States absent registration or an applicable exemption
from the registration requirements.

This press release is neither an offer to sell nor a solicitation of an
offer to buy any securities, nor shall there be any offer, solicitation
or sale in any jurisdiction in which such offer, solicitation or sale
would be unlawful. Any offers of the New Notes will be made only by
means of a private offering memorandum. This notice is being issued
pursuant to and in accordance with Rule 135(c) under the Securities Act.

Forward-Looking Statement

This press release may include information that could constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements involve risk and
uncertainties. The Company undertakes no obligation to revise or
update any forward-looking statements, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise, except as otherwise required by law.

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